The problem with GDP is that government consumption of private capital is positive. And with the government gradually taking over all aspects of the economy, even a small cut in spending can send workers to the unemployment line and shutter businesses. In this episode, John Flaherty and Keith Weiner discuss why GDP is such a […]
Economics has been called the dismal science. It doesn’t seem to have the same respect as other fields of “real” scientific study. Why is that? John Flaherty & Keith Weiner discuss a number of reasons. In addition, you’ll learn the all-important variable in modern economics, why the net present value calculation obscured the visibility of […]
“Seems like things are getting back to normal.” Not exactly. Folks with that view are not looking very closely. In this episode, Keith takes us on a journey through the forest…and the so-called economic recovery that’s currently in play. Using more than one analogy, he illustrates just how unrealistic the “nearly back to normal” expectation […]
After successfully selling his software company in August 2008, Keith Weiner pivoted to the study of economics in an effort to protect his assets. At first, his studies brought enlightenment about our monetary system. Then came the radical idea. In the first half of this episode, Keith and Dickson Buchanan discuss the two main problems […]
How did a software dropout go on to become a successful entrepreneur…and eventually earn a PhD in economics? In this episode, Addison Quale leads CEO Keith Weiner back through his journey from software geek to economist. They discuss how Ayn Rand’s writings set the stage for understanding monetary economics, why the retirement savings advice given […]
